Introduction to Economics - TOPICS
What is Economics?
Why Study Economics?
How Economists Think.
The Difference Between Macroeconomics and Microeconomics.
The Basics of Economic Analysis
The difference between Absolute Advantage & Comparative Advantage
Prices & Value
Supply & Demand - How market forces allocate resources and determine prices.
Using Supply & Demand - Rent controls, the minimum wage, farm subsidies.
The Markets for Economic Resources
The Labor Market - Are professional athletes paid too much? Are nurses & teaches paid too little? Should the minimum wage be raised?
The Capital Market - Interest rates and rates of return on investments.
Financial Assets, Markets, and Institutions - Wise financial management and how to become a millionaire.
Market Breakdowns - What do we do when we do not like the market outcome?
Negative Externalities - Pollution
Positive Externalities - Technology, Public Goods
The Distribution of Income - Poverty, Social Security and Welfare Reform (more links)
Government Regulation of Markets - Anti-trust policy and promotion of competition.
The Goals of Macroeconomic Policy
Macroeconomic Policy: Tools we use to achieve our goals
Monetary Policy - The Federal Reserve System and how the Fed conducts policy
Fiscal Policy - Taxation, Government Spending, the Federal Budget, the Deficit and the Debt
A Quick Look at Data for the U.S. Economy
BLS Economy at a Glance
USA Today Economy at a Glance
AmosWorld Glossary of Economic Terms
E-mail Dr. Buck with your questions or comments.
Jump Into Economics
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